Saturday, January 29, 2022

PNB Q3 Results: Net Profit Spikes 123% YoY To Rs 1,126 Crore, Beats Estimates

State-owned Punjab National Bank on Thursday reported a 123 percent year-on-year (YoY) jump in net profit at Rs 1,126 crore for the third quarter ended December 31, 2021.

In the corresponding quarter last year, the company posted a net profit of Rs 506 crore. CNBC-TV18 Polls had predicted a profit of Rs 1,033.8 crore for the quarter under review.

However, total income during October-December 2021 declined to Rs 22,026.02 crore as against Rs 23,298.53 crore in the year-ago period, PNB said in a regulatory filing.

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